Latest Key Developments (Source: Significant Developments)

Kb Home : On August 17, board elected Jeffrey Mezger, a director and company's President and Chief Executive Officer, to additional position of Chairman of board . Jeffrey Mezger will succeed Stephen Bollenbach . Board elected Stephen Bollenbach to position of lead independent director, effective immediately Source - http://bit.ly/2bMfXJI ((Bangalore.newsroom@thomsonreuters.com;)).
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KB Home:Acquires land from McWhinney, an experienced Colorado-based real estate investment, management and development company, for a new KB Home community within the highly desirable North Park development in Broomfield.Land development is currently underway, with plans to open the new community this fall.Says Pricing is anticipated to begin in the mid-$300,000s.
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KB Home:Says that it has priced an offering of $250.0 million in aggregate principal amount of its senior notes due 2023 in its previously announced senior notes offering.The senior notes will bear interest at a rate of 7.625 pct. per annum and will be issued at a public offering price of 100.0 pct.The senior notes will be guaranteed on an unsecured senior basis by certain of KB Home's subsidiaries that have guaranteed KB Home's outstanding senior notes.
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